What Berkshire's New Manager, Ted Weschler, Holds In His Hedge Fund

By Alpha Stratus:Ted Weschler, manager of Charlottesville, Virginia-based Peninsula Capital Advisors LLC, has been chosen by Buffett to join Berkshire Hathaway (BRK.A) early next year.

By Devon Shire:Value investing nerds and Buffett admirers rejoice. We have a new portfolio manager for Berkshire Hathaway (BRK.A) who was hand-picked by Buffett himself. His name is Ted Weschler and we get to drill into his past performance at Peninsula Capital Advisors. Buffett’s close friend provided us some details on Mr.

Billionaire investor Warren Buffett, whose assets this year totaled at $45 billion, on Tuesday hinted that the newly appointed and little-known investment manager Todd Combs — who runs a $400 million Connecticut hedge fund named Castle Point Capital — could one day head investments for Buffett’s massive holding company.

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By The Manual of Ideas:Warren Buffett has tapped Ted Weschler to manage a piece of Berkshire Hathaway's (BRK.A)(BRK.B) investment portfolio. Weschler has been managing partner of Charlottesville, VA-based value-oriented hedge fund Peninsula Capital Advisors.

By FAF Research:Ted Weschler is the managing partner of Peninsula Capital Advisors LLC, which he founded in 1999. Since 2009, he has also served as director of WSFS Financial Corporation and his position as such expires in 2013, at the Annual Shareholders Meeting. Before funding Peninsula, Weschler was the founding partner of a private equity firm called Quad-C. Even prior to that, he worked for W.R. Grace & Co. where he served in many positions such as Assistant to Assistant to J.

Hedge fund manager Ted Weschler was picked last September to manage about $1 billion to $3 billion of Berkshire Hathaway?s (BRK.A) (BRK.B) money. Berkshire?s shareholders should hope he brought some of his magic with him. Weschler had racked up an impressive investment history at Peninsula Capital Advisors, reportedly returning double-digit gains to investors. A look ...

Ravi Nagarajan submits:In a long awaited announcement, Berkshire Hathaway (BRK.A) has named an investment manager to handle a “significant portion” of the company’s investment portfolio. In a press release (pdf) issued Monday, Berkshire announced the appointment of Todd Combs and included a quote from Warren Buffett: